Taxachusetts Growth Rate Tops U.S.

The Massachusetts economy grew at an annual rate 4.3 percent from April to June. That’s more than three times faster than the national growth rate:

The UMass report showed that Massachusetts added 41,300 jobs in the first half of 2011. The state’s unemployment rate fell in June to 7.6 percent, down from 8.3 percent late last year…. The report, published by the UMass Donahue Institute in collaboration with the Federal Reserve Bank of Boston, predicted the state’s economy would continue to its solid recovery and grow 4.7 percent in the third quarter and 4.3 percent in the fourth.

More high-tech, less construction is what one person says to explain the growth. (By less construction, he means not overbuilding as other states did.) He says that the job claims may be higher than true, but evenif corrected (if higher), the result is still better than the US.

Meanwhile, the U. S. Chamber of Commerce says the U. S. economy has grown less than previously thought.

(You failed to note aloud the types of jobs and wages paid by the jobs of note, especially by lefties, in each state, Axel. High-tech vs. minimum or low wage, that is. But don’t worry, because if Rick Perry enters the contest for the GOP nomination for the Presidency, before he ever is thought of as a VP choice, we’ll hear even more negatives about Texas than we already do from lefties, no doubt. Now what could be said about jobs or other things about the two states were Perry to be VP with former governor of Taxachusetts Mitt Romney?) (Would John Kerry bash them?)

DaGoat

I guess the point here is that a high tax state is doing well. That is true but there are lower tax states that are also doing well. It would be nice to see a breakdown of state taxation vs degree of recovery, otherwise the Mass. experience is just anecdotal.

Absalon

“It would be nice to see a breakdown of state taxation vs degree of recovery”

As well as state taxation vs. numbers of abortions, teen pregnancies, people being proven innocent after being executed, level of homophobia, malnutrition and poverty among children, infrastructure problems, health issues, prevalence of creationism and other cancers of thought etc. etc.